Talam Transform Bhd is facing a fresh legal challenge after three shareholders filed proceedings in the High Court seeking to invalidate the company’s extraordinary general meeting held on May 14, alleging breaches of an earlier court-recorded consent order.
The group said an originating summons was filed by shareholders Ang Lam Poah, Loo Leong Fatt and Loo Foong Luan on July 3 and served on the company’s solicitors on July 6.
The plaintiffs are seeking, among others, a declaration that the May 14 EGM, including the appointment of its scrutineer and the voting results on two resolutions, is null and void.
They are also asking the court to declare that Talam Transform breached a consent order recorded by the High Court on April 8, 2026, and to direct the company to convene a fresh EGM for shareholders to reconsider the two resolutions referred to in the consent order.
According to the originating summons, the plaintiffs alleged that the company unilaterally appointed the scrutineer for the May 14 EGM without consulting or obtaining their agreement, contrary to the terms of the consent order.
They further claimed that the company failed to engage and cooperate with them in organising and conducting the meeting, including matters relating to the meeting date and the appointment of the scrutineer, and had refused their request to postpone the EGM to enable them to attend.
Talam Transform said it disputes the allegations and maintains that it did not breach the April 8 consent order.
The company said it will seek legal advice and take the necessary steps to defend the originating summons.
A case management hearing has been fixed for July 16, 2026.
TTB said it will make further announcements should there be any material developments arising from the litigation.
